Index Investing News
Friday, June 12, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Gov’t pay 50% higher than in private sector

by Index Investing News
February 22, 2024
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter

Full-time employees of government ministries earned an average of NIS 18,029 monthly in 2022, according to the report by the Commissioner of Wages in the Ministry of Finance released today. The average rose by 3.8% over the course of the year.

The average salary of the government’s 36,000 workers is almost 50% higher than the general average in the economy, which was NIS 12,120 monthly in 2022. The gap between the public and private sector widened over the year, as salaries in the private sector rose by just 2.8%. This was despite the fact that public sector pay was frozen in 2022, and only crept upwards because of linkage to the Consumer Price Index. In 2023, a framework agreement was signed with the Histadrut (General Federation of Labor in Israel) providing for a rise in public sector pay, which means that the gap versus the private sector can be expected to be wider in future reports.

There are considerable pay gaps within the public service as well, including between people in similar jobs, because of long-service supplements and other benefits. At the highest level are those graded as equivalent to judges, which covers dozens of senior officials, such as the governor of the Bank of Israel. The average monthly salary of those in the lowest 10% of this grade is NIS 44,726, while for the highest 10% it is NIS 77,258.

The second grade is directors general of government ministries, who are employed on personal contracts. Their average pay ranges from NIS 40,833 for the lowest 10% to NIS 53,512 for the highest 10%. Employees in the bureaus of ministers and directors general earn between NIS 13,023 and NIS 34,187 monthly.

Recruitment difficulties

For years, the talk in the public sector has been of the difficulty in recruiting people in high-demand professions, such as engineers and technological staff, in the face of the competition from the private sector. The pay figures in the report illustrate the difficulty in attracting young employees. Beginner engineers in government service earn just NIS 8,763 monthly. At the top end, the pay of a veteran senior engineer reaches NIS 28,059.

The lowest paid government employees are court stenographers. The lowest 10% are paid NIS 6,821 monthly on average, while the highest 10% average NIS 13,913.

The Ministry of Finance Wages Division published a separate report on teachers’ salaries. In 2022, there were about 139,000 teachers and other education workers in Israel. They earned an average of NIS 12,629 monthly (or NIS 14,298 for those in full-time posts), costing the state a total of NIS 28 billion.

Published by Globes, Israel business news – en.globes.co.il – on February 22, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.




Source link

Tags: GovthigherPayPrivatesector
ShareTweetShareShare
Previous Post

Manslaughter Trial Begins of ‘Rust’ Armorer in Alec Baldwin Shooting

Next Post

Stocks making the biggest moves after hours: SQ, CVNA and more

Related Posts

Hotel approved for Ben Gurion Airport

Hotel approved for Ben Gurion Airport

by Index Investing News
June 12, 2026
0

The eight-floor hotel will be constructed on top of a new hold baggage screening building next to Terminal 3. ...

Moët Hennessy eyes bigger whisky play in India; launches Glenmorangie The Lasanta 15 Years Old

Moët Hennessy eyes bigger whisky play in India; launches Glenmorangie The Lasanta 15 Years Old

by Index Investing News
June 8, 2026
0

Highland single malt Scotch whisky brand Glenmorangie has launched The Lasanta 15 Years Old in India, completing its evolved age-led...

Blue Origin’s explosion just made SpaceX even harder to catch

Blue Origin’s explosion just made SpaceX even harder to catch

by Index Investing News
June 4, 2026
0

Every company that runs away with a market eventually needs one thing it can never admit to wanting: a real...

Rescuers say a blast at a building storing explosives in Myanmar has killed more than 45 people

Rescuers say a blast at a building storing explosives in Myanmar has killed more than 45 people

by Index Investing News
May 31, 2026
0

BANGKOK: A blast on Sunday at a building in northeastern Myanmar said to have been storing explosives for mining has...

Ex-Disney star Hilary Duff warns saying yes too much actually hurt her career: ‘Just because something is a good paycheck, it doesn’t mean it’s right’

Ex-Disney star Hilary Duff warns saying yes too much actually hurt her career: ‘Just because something is a good paycheck, it doesn’t mean it’s right’

by Index Investing News
May 27, 2026
0

Hilary Duff was catapulted into stardom as the lead of Disney Channel’s Lizzie McGuire when she was just 13, and...

Next Post
Stocks making the biggest moves after hours: SQ, CVNA and more

Stocks making the biggest moves after hours: SQ, CVNA and more

Viral Pic Purported to Show Israeli Flags Prominently Displayed in UK Parliament Chamber. Here’s the Truth

Viral Pic Purported to Show Israeli Flags Prominently Displayed in UK Parliament Chamber. Here's the Truth

RECOMMENDED

Keller Williams Celebrates seventeenth Annual RED Day

Keller Williams Celebrates seventeenth Annual RED Day

May 9, 2025
Verizon Communications: A Stable Play For Worth-Oriented Traders (NYSE:VZ)

Verizon Communications: A Stable Play For Worth-Oriented Traders (NYSE:VZ)

December 15, 2024
President-elect values revenge greater than nationwide safety –
Las Vegas Solar Information

President-elect values revenge greater than nationwide safety – Las Vegas Solar Information

November 21, 2024
Odisha assault case and civil-military relations

Odisha assault case and civil-military relations

September 26, 2024
Seattle considers  cap on late fees for renters

Seattle considers $10 cap on late fees for renters

March 18, 2023
Progress & Whole Return Weekly Chat

Progress & Whole Return Weekly Chat

March 17, 2025
3 Body Problem TV Review

3 Body Problem TV Review

March 22, 2024
Hungary fires national museum director over LGBTQ+ content in exhibit

Hungary fires national museum director over LGBTQ+ content in exhibit

November 7, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In